GameStop's $56 billion pursuit of eBay stirs social media hype and doubts


FILE PHOTO: The eBay logo is displayed at the eBay booth during CES 2026, an annual consumer electronics trade show, in Las Vegas, Nevada, U.S., January 6, 2026. REUTERS/Steve Marcus/File Photo/File Photo

May 5 (Reuters) - GameStop's $56 billion ⁠bid for eBay ignited intense debate on social ⁠media, as retail investors greeted the potential deal ‌with a mix of excitement, skepticism and meme-stock humor.

• Top comments on Reddit were split between enthusiasm over the e-commerce giant that such a ​merger would create, and skepticism about ⁠how GameStop would finance ⁠such a large deal.

• Some users supported the rationale of ⁠combining ‌GameStop's loyal retail base with eBay's online reach, arguing the deal could create a formidable digital ⁠commerce player.

• The video game retailer, which has ​a market ‌value of $10.7 billion and is looking to take over ⁠a much ​larger company, has said it has access to $20 billion in potential debt financing from TD Securities.

• GameStop CEO Ryan Cohen's tense ⁠CNBC interview on Monday, where he ​bristled at questions about the deal structure, also became meme fodder.

• Users raised their eyebrows at the announcement of Michael ⁠Burry's exit from his GameStop position on Monday, just months after he likened Cohen to the legendary investor Warren Buffett.

• On Stocktwits.com, eBay was one of the most talked-about ​stocks, with the platform's tracker showing ⁠message sentiment over the past 24 hours as "extremely bullish."

• Retail ​investor forums can offer an early ‌read on how speculative corners ​of the market are digesting major corporate developments.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)

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